CAS1501 Assignment 3 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED

Well-structured CAS1501 Assignment 3 (ANSWERS) Semester 2 2024 - DISTINCTION GUARANTEED. (DETAILED ANSWERS - DISTINCTION GUARANTEED!)..... C1 From the CASE STUDY, describe the MAINFINDING of Judge Baloyi. 2 Full descriptionprovided Partialdescriptionprovided Incorrectdescriptionprovided C2 From the CASE STUDY, describe the MAINreason why Mr Smith was found guilty. 2 Full descriptionprovided Partialdescriptionprovided Incorrectdescriptionprovided C3 The CASE STUDY states that the High Courtruling ‘ sent a strong message to those whoare not good stewards of the businesses intheir care ’. CAS1501 has FIVE Study units. Provide the number and full name of the ONESTUDY UNIT out of the three covered for thisassessment MOST CLOSELY ASSOCIATEDwith your answer in Question C2. For example: Study unit 5: Looking ahead 2 Number andfull name ofONE Study unitprovided Only numberOR name ofONE Study unitprovided Incorrect Studyunit C4 The CASE STUDY states that the High Courtruling ‘ sent a strong message to those whoare not good stewards of the businesses intheir care ’. From Study unit 2.2.3.1, name ONE party thatcould be associated with the term ‘steward’. 2 One correctparty named - Incorrect partynamed C5 Use Study unit 2.2.3.1 to motivate youranswer in Question C4 in your own words. 2 Full correctmotivation Partiallycorrectmotivation Incorrectmotivation C6 Based on the information in the CASESTUDY, in which capacity / role did Mr Smithact in PPP? 2 Capacity / rolecorrectlyidentifi ed - Incorrectanswer C7 From Study unit 2.2.3.1 name the categorywhere Mr Smith’s capacity / role fi tted in. 2 Categorynamed - Incorrectanswer C8 From Study unit 2.2.6.2, explain where MrSmith’s role at PPP fi tted in. 2 Full correctexplanation Partiallycorrectexplanation Incorrectanswer C9 From Study unit 2.2.6.2, describe ONErequirement which Mr Smith’s role at PPPhad to meet. 2 ONErequirementfully correctlydescribed ONErequirementpartiallycorrectlydescribed Incorrectanswer C10 From the CASE STUDY, assess whether MrSmith fulfi lled the requirement in QuestionC9 or not. Answer only YES or NO. 2 Correct answeras either YESor NO - Incorrectanswer C11 From the CASE STUDY and your answer inQuestion C9, motivate your answer inQuestion C10. 2 Full correctmotivation Partiallycorrectmotivation Incorrectanswer C12 From Study unit 2.2.6.2, describe A SECONDrequirement (NOT the same as in QuestionC9) that Mr Smith’s role at PPP had to meet. 2 A SECONDrequirementfully correctlydescribed A SECONDrequirementpartiallycorrectlydescribed Incorrectanswer C13 From the CASE STUDY, assess whether MrSmith fulfi lled the requirement in QuestionC12 or not. Answer only YES or NO. 2 Correct answeras either YESor NO - Incorrectanswer C14 From the CASE STUDY and your answer inQuestion C12, motivate your answer inQuestion C13. 2 Full correctmotivation Partiallycorrectmotivation Incorrectanswer C15 From Study unit 2.2.6.2 describe the TYPEand FREQUENCY of the reward that Mr Smithreceived during his time at PPP. 2 Full correctdescription Partiallycorrectdescription Incorrectanswer C16 From Study unit 2.2.6.2, describe the‘relationship’ which Mr Smith should havehad during his time at PPP. 2 Full correctdescription Partiallycorrectdescription Incorrectanswer C17 Refl ect on the CASE STUDY and Study unit2.2.6.2 – name the ONE MAIN VALUE that MrSmith likely lacked, resulting in the fi ndingagainst him. 2 Correct ONEMAIN VALUEnamed - Incorrectanswer C18 From the CASE STUDY and Study unit2.2.4.4, conclude whether Mr Smith wasEFFECTIVE in his role at PPP. Answer onlyYES or NO. 2 Correct answeras either YESor NO - Incorrectanswer C19 Use Study unit 2.2.4.4 to motivate youranswer in Question C18. 2 Full correctmotivation Partiallycorrectmotivation Incorrectanswer C20 From the CASE STUDY and Study unit2.2.4.4, conclude whether Mr Smith wasEFFICIENT in his role at PPP. Answer onlyYES or NO. 2 Correct answeras either YESor NO - Incorrectanswer C21 Use Study unit 2.2.4.4 to motivate youranswer in Question C20. 2 Full correctmotivation Partiallycorrectmotivation Incorrectanswer C22 From Study unit 2.2.4.2a, name the partywho suffered / were harmed the mostconsidering the fi ndings in the CASE STUDY. 2 Correct fullname of party Partial name ofparty Incorrectanswer C23 From Study unit 2.2.4.2a and the CASESTUDY, describe ONE WAY in which the partyin Question C22 suffered / were harmed. 2 Full correctdescription Partiallycorrectdescription Incorrectanswer C24 From Study unit 2.2.4.2a and the CASESTUDY, describe A SECOND WAY in whichthe party in Question C22 suffered. 2 Full correctdescription Partiallycorrectdescription Incorrectanswer C25 According to the CASE STUDY, what was MrSmith’s educational and/or vocationalbackground? 2 Backgroundcorrectlyidentifi ed. – Incorrectanswer C26 From Study unit 2.2.7.2, name the ONEcharacteristic Mr Smith clearly lacked aspointed out by the CASE STUDY. 2 ONEcharacteristicclearly lackedcorrectlynamed - Incorrectanswer C27 Use specifi c information from the CASESTUDY to motivate why Mr Smith is expectedto have complied with the characteristic inQuestion C26. 2 Fully motivated Partiallymotivated Incorrectanswer C28 The CASE STUDY refers to ‘red fl ags’highlighted in the internal audit report. Considering your understanding of the roleof the internal audit function as explained inStudy units 2.2.6.5 and 2.4.2.10, describeyour understanding of the term ‘red fl ags’. 2 Suffi cientdescriptionprovided Partialdescriptionprovided Incorrectanswer C29 The CASE STUDY mentions Mr Smith failedto address several ‘red fl ags’. From all sub-sections included under Studyunit 2.2.6.5, explain how Mr Smith shouldhave reacted to the ‘red fl ags’. 2 Suffi cientexplanationprovided Partialexplanationprovided Incorrectanswer C30 From all sub-sections included under Studyunit 2.2.6.5, identify and name ONE otherparty who should have addressed the ‘redfl ags’ – in addition to Mr Smith. 2 Correct answer - Incorrectanswer C31 Consider all facts in the CASE STUDY andyour answers in Questions C1 TO C30. Based only on information in the CASESTUDY, conclude whether you considerJudge Baloyi’s judgement as fair. Answeronly YES or NO. 2 Correct answeras either YESor NO - Incorrectanswer C32 Motivate your answer in Question C31. 2 Full correctmotivation Partiallycorrectmotivation Incorrectanswer C33 Apply Study unit 3.4.1 to the CASE STUDYinformation. Conclude whether or not you agree with MrSmith’s claim that ‘he was innocent as hewas not aware of any wrongdoing in thecompany.’ Answer only YES or NO. 2 Correct answeras either YESor NO - Incorrectanswer C34 Use Study unit 3.4.1 and the CASE STUDYinformation to motivate your answer inQuestion C33. 2 Full correctmotivation Partiallycorrectmotivation Incorrectanswer C35 In the CASE STUDY Judge Baloyi stated that‘a directorship is not a sinecure , or anhonorary function.’ Use an ONLINE dictionary of your choice and formally quote the defi nition of the word‘sinecure’. 2 Defi nitioncorrectlyquoted ANDcontainscorrect in textreference Defi nitioncorrectlyquoted, BUT noin textreference Irrelevantdefi nitionquoted C36 Use the College of Accounting Sciencesprescribed referencing guidelines (availablein Study unit 3.6.2) to correctly provide thereference you would include in a list ofreferences for Question C35 . 2 Referencefunctional ANDin accordancewith the CASguideline Referencefunctional, BUTincompletelyreferenced No referenceprovided ORreference notfunctional C37 As per the guidance provided in Study unit3.6.2, paraphrase the defi nition you quoted inQuestion C35, acknowledging the sourceused. 2 Defi nitionappropriatelyparaphrasedAND containscorrect in textreference Either theparaphrasingOR the in-textreference wasappropriate,but not both ParaphrasingAND in textreferenceinappropriate C38 Study units of CAS1501 contain informationon plagiarism, for example reasons why toavoid it and how to avoid it. Study units 1.3.5and 3.6.1 motivate why plagiarism isclassifi ed as a type of fraud. Using your understanding of Study unit 3.4.1,explain whether a CAS1501 student whocommitted plagiarised could successfullyargue that they did not know better . 2 Full correctexplanation Partiallycorrectexplanation Incorrectanswer C39 Keep in mind that PLAGIARISM is a FRAUD.Using Study unit 3.5 as basis, describe a real-life example for ONE type of reason why astudent may choose to commit plagiarism. NOTE: Your answer should include the typeof reason AND how the reason may manifestin real life. 2 Real lifeexample linkedto ONE type ofreasonincluded indescription A real-lifeexample ORONE type ofreasonincluded indescription Incorrectdescription C40 Keep in mind that PLAGIARISM is a FRAUD.Using Study unit 3.5 as basis, describe a real-life example for A SECOND type of reasonwhy a student may choose to commitplagiarism. NOTE: Your answer should include the typeof reason AND how the reason may manifestin real life. 2 Real lifeexample linkedto a SECONDtype of reasonfrom SU3.5included indescription A real-lifeexample OR aSECOND typeof reason fromSU3.5 includedin description Incorrectdescription C41 Keep in mind that PLAGIARISM is a FRAUD.Using Study unit 3.5 as basis, describe a real-life example for A THIRD type of reason whya student may choose to commit plagiarism. NOTE: Your answer should include the typeof reason AND how the reason may manifestin real life. 2 Real lifeexample linkedto a THIRD typeof reason fromSU3.5 includedin description A real-lifeexample OR aTHIRD type ofreason fromSU3.5 includedin description Incorrectdescription C42 In the CASE STUDY, Judge Baloyi uses theidiom / metaphor / expression ‘the writing ison the wall’. Considering the CONTEXT OF THE CASESTUDY, explain your own understanding ofthe metaphor. 2 Full correctexplanation Partiallycorrectexplanation Incorrectanswer C43 Refl ect on your own experience andcircumstances. Provide IN YOUR LANGUAGE OF CHOICE ametaphor / idiom / expression that you orsomeone in your PERSONAL communityuses regularly and that you adopt as a guidefor living your own life. 2 Metaphor /idiom /expressionprovided - Not answered C44 Provide the name of the language used inyour answer to Question C43. 2 Languagenamed - Not answered C45 Explain IN ENGLISH how you apply youranswer in Question C43 in your CURRENTDAILY LIFE as a student. 2 Metaphor /idiom /expressionexplained incontext ofstudent’sCURRENTDAILY LIFE Metaphor /idiom /expressionexplained butnotcontextualisedin CURRENTDAILY LIFE of astudent Not answered /does not makesense C46 Study unit 2.2.2 lists eight items that arecrucial for a professional. Refl ect deeply on your answers in QuestionsC43 and C45 Now, identify ONE of the eight items fromStudy unit 2.2.2 that you associate / link withyour answers in Questions C43 and C45 Copy the name of the item as it appears inStudy unit 2.2.2 into your answer –remember to use quotation marks. 2 ONE item fromSU2.2.2 namedAND link toanswers in C43and C44 makessense ONE item fromSU2.2.2 namedBUT link toanswers in C43and C44 notclear Not answered /unclear C47 Provide a clear practical explanation of whyyou associate the item copied in QuestionC46 with your answers in Questions C43 andC45